Business

About Business News...

Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.

Business, Technology

Ontario Extends CB Exemption from Hands-Free Law

CB radios have been exempted from Ontario’s hands-free distracted driving law for another five years, Ontario’s Minister of Transportation Bob Chiarelli said.

September 26, 2012
Business

Truck Tonnage Rises 3.2% in August

Truck tonnage increased 3.2% in August from a year ago, American Trucking Associations said.

September 25, 2012
Business

FMCSA Says HOS Rule’s 34-Hour Restart Is Reasonable

Provisions of the federal hours-of-service rule for truck drivers are “reasonable” and have been “adequately explained” by the Federal Motor Carrier Safety Administration, the agency said in a court filing.

September 25, 2012
Business

Trucking On-Job Deaths Rise 14%, Labor Dept. Says

Trucking was one of the most dangerous industries for workers last year, when 474 workers died on the job, a 13.9% increase over the previous year, the Labor Department said in a preliminary report.

Timothy Cama | Staff Reporter
September 25, 2012
Business, Logistics

Forward Air Lowers 3Q Outlook

Forward Air Corp. said its third-quarter earnings will be lower than the company originally estimated, as tonnage volumes became “inconsistent” in August following a strong start to the period.

September 25, 2012
Business

C.H. Robinson to Buy Phoenix Intl. for $635 Million

Third-party logistics company C.H. Robinson Worldwide said Tuesday it will buy international freight forwarder Phoenix International for $635 million in cash and stock.

September 25, 2012
Business, Logistics

Consumer Confidence Rises to Seven-Month High

Consumer confidence rose to a seven-month high in September, the New York-based Conference Board said Tuesday.

September 25, 2012
Business, Fuel

Diesel Drops 4.9¢ to $4.086; Gasoline Declines 5.2¢ to $3.826

Diesel fell 4.9 cents to $4.086 and gasoline also fell, marking the first downturns for both fuels in 12 weeks, the Department of Energy reported.

September 25, 2012
Business

Volvo Will Take Q3 Charge to End UD Truck Production for U.S.

Volvo Group said it will take a third-quarter restructuring charge of about $91.9 million for a cost reduction program in Japan and to end production in Japan of UD Trucks for the U.S. market.

September 25, 2012
Business, Technology

GPS Devices Causing Trucks to Hit Low Overpasses, Sen. Schumer Says

Faulty GPS directions are causing hundreds of trucks to hit low overpasses in New York, said Sen. Charles Schumer (D-N.Y.).

September 24, 2012